The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications.

On BitMEX, the EOS derivative is in the form of a Futures Contract and allows traders to speculate on the future value of the EOS Token / Bitcoin (EOS/XBT) exchange rate. Traders need not have EOS Tokens to trade the futures contract as it only requires Bitcoin as margin.